Victory Capital has agreed to acquire First Eagle Investments in a deal that would create a global asset manager with approximately US$571 billion in client assets.

Victory Capital Holdings has entered into a definitive agreement to acquire First Eagle Investments from Genstar Capital and First Eagle employees. The acquisition will add First Eagle's global value and multi-asset investment capabilities First Eagle managed approximately US$222 billion in assets under management as of 31 July 2026. Following completion of the transaction, the combined business is expected to oversee around US$571 billion in total client assets. The acquisition will add Fi